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The Marked Chart Wire · Business
HotAlphabet
Citirini Research issued a short rating on Alphabet, citing slowing search growth, unmonetized AI efforts, and pressure on cloud margins.
Part of a series: Alphabet shares drop 13% after earnings miss
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HotAlphabet
Alphabet shares fell 11.4 percent after third-quarter revenue of $127.58 billion missed estimates of $128.22 billion. Search revenue also came in below expectations, and free cash flow was negative $9.07 billion.
HotAlphabet
Eighteen of 21 firms lowered their price targets for Alphabet following its latest earnings report. The average target is now $392, compared with a share price of $324.89.
HotAlphabet
Investors reacted negatively to Alphabet's quarterly results, which showed revenue below expectations. The miss is viewed as an early indicator that artificial intelligence is reducing demand for traditional search services.
HotAlphabet
Alphabet stock dropped 10 percent in premarket trading after the company reported cash outflows exceeding analyst estimates. The firm kept its annual spending targets unchanged.
HotAlphabet
Alphabet shares declined following third-quarter results, reviving concerns about artificial intelligence spending. This move weighed on Nasdaq and S&P 500 futures while the Dow rose.
HotAlphabet
Nasdaq futures led market losses following Alphabet's earnings report, which failed to meet expectations.
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